TIDMVLX
RNS Number : 6786W
Volex PLC
19 August 2022
19 August 2022
Volex plc
("Volex" or "the Company")
Results of Annual General Meeting, Issue of Equity
and
Total Voting Rights
Volex plc (AIM:VLX), the global supplier of integrated
manufacturing services and power products, is pleased to announce
the results of its AGM, held earlier today, at which all
resolutions were duly passed on a poll.
As a consequence, Volex confirms that, further to the
announcement made on 29 July 2022 in relation to the Scrip Dividend
Scheme and the receipt by the Company of valid elections from
certain shareholders, 377,615 new ordinary shares of 25 pence each
(the "Scrip Dividend Shares") will be issued in satisfaction of
such elections in respect of the final dividend for the year ended
3 April 2022.
Application will be made to the London Stock Exchange for the
Scrip Dividend Shares to be admitted to AIM, with the admission
date expected to be on or around 26 August 2022. On admission, the
Scrip Dividend Shares will rank pari passu in all respects with the
existing ordinary shares of the Company.
The total number of votes received on each resolution put to the
AGM is as follows:
Resolution Percentage Votes For Votes Against Votes Total votes Percentage
in Favour* Withheld* cast of
issued
share
capital
voted
To receive
the audited
accounts of
the Company
for the financial
year ended
1. 3 April 2022 99.98% 90,941,617 18,628 138,379 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To approve
the Remuneration
Committee
2. report 97.00% 88,335,758 2,736,019 26,847 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To declare
a final dividend
of 2.4 pence
per ordinary
share for
the financial
year ended
3. 3 April 2022 99.99% 91,093,782 3,567 1,275 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To re-elect
Nathaniel
Rothschild
4. as a Director 98.87% 83,437,704 950,938 6,709,982 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To re-elect
Jeffrey Jackson
5. as a Director 99.72% 90,831,404 256,266 10,954 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To re-appoint
PricewaterhouseCoopers
LLP as auditors
6. of the Company 97.21% 88,541,123 2,544,914 12,587 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To authorise
the Directors
to determine
the remuneration
7. of the auditors 97.31% 88,585,035 2,449,911 63,678 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To authorise
the Directors
to offer the
holders of
ordinary shares
in the Company,
to the extent
and in the
manner determined
by the Directors,
the right
to elect to
receive new
ordinary shares
instead of
cash, in respect
of all or
part of any
dividend which
may be declared
or paid in
the period
between the
date of passing
of this Resolution
and the conclusion
of the Annual
General Meeting
of the Company
to be held
8. in 2025 99.98% 91,016,655 21,806 60,163 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
Subject to
the passing
of Resolution
8, to authorise
the Directors
to capitalise
the appropriate
nominal amounts
of new shares
of the Company
allotted pursuant
to the Company's
Scrip Dividend
Scheme out
of the sums
standing to
the credit
of any reserve
or account
9. of the Company 99.95% 90,994,316 41,801 62,507 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To authorise
the Directors
to allot shares
in the Company
pursuant to
section 551
of the Companies
Act 2006 (the
10. "2006 Act") 99.83% 90,880,888 157,573 60,163 91,098,624 57.40
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To authorise
the Directors
to allot equity
securities
under the
authority
conferred
by Resolution
10 as if section
561 of the
2006 Act did
11. not apply 96.54% 88,092,942 3,158,048 62,507 91,313,497 57.53
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To further
authorise
the Directors,
in addition
to any authority
granted under
Resolution
11 and only
in connection
with an acquisition
or specified
capital investment,
to allot equity
securities
as if section
561 of the
2006 Act did
12. not apply 96.54% 88,090,914 3,158,959 63,624 91,313,497 57.53
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
To authorise
the Company
to make purchases
of its own
shares in
accordance
with section
701 of the
13. 2006 Act 99.95% 90,924,864 42,823 345,810 91,313,497 57.53
------------------------ ------------ ----------- -------------- ----------- ------------ -----------
Total Voting Rights
Following the issue of the Scrip Dividend Shares, the Company's
total issued share capital will consist of 159,096,324 ordinary
shares of 25 pence each with one voting right per share.
As the Company does not hold any shares in treasury, the total
number of voting rights in the Company is also 159,096,324 and this
figure of ordinary shares may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Notes
*A vote withheld is not treated as a vote in law and is not
counted in the calculation of the proportion of the votes cast for
or against a resolution.
Resolutions 1 to 10 were ordinary resolutions, requiring a
simple majority of votes cast to pass, while resolutions 11 to 13
were special resolutions, requiring at least 75% support to
pass.
The total number of Volex shares in issue at 6.00 p.m. on 17
August 2022, being those eligible to be voted on at the AGM, was
158,718,709.
The full text of each of the resolutions is set out in the
Notice of AGM, which is available on the Volex website (
www.volex.com ) on the "Shareholder Information" page in the
Investor Relations section.
For further information please contact :
+44 (0)7971
Volex plc 156 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel and
Company Secretary
Singer Capital Markets (Nominated Adviser +44 (0)20 7496
& Joint Broker) 3000
Shaun Dobson / George Tzimas
+44 (0)20 7991
HSBC Bank plc - Joint Broker 8888
Simon Alexander / Joe Weaving
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END
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August 19, 2022 12:32 ET (16:32 GMT)
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